In China real estate slowdown, “prices will fall by 50pct”

Chinese real estate has been seen as such a quick and lucrative investment that a special term, “chao fangzi” or “stir-frying houses,” was invented to describe property speculation. But the new consensus is that things got too hot too quickly, and both Chinese regime authorities and major players in the real estate market are trying to stabilize what some are already calling a bubble waiting to burst.
Indeed, Chinese economists like Mao Yunshi publically admit that they see a real danger of any sudden fall-out in the housing market expanding into a larger economic downturn………………………………………….Full Article: Source